The U.S. stock market fell further Tuesday following President Donald Trump’s latest escalation in his trade war, briefly pulling Wall Street 10% below its record set last month. And like it's been for most of the past few weeks,

NEW YORK — (AP) — Not even a double-shot of good news on the U.S. economy seems to be enough to stop Wall Street's bleeding. Stocks fell Thursday after President Donald Trump upped the stakes in his trade war by threatening huge taxes on European wines and alcohol.

In 1929, at the start of the stock market crash that inaugurated the Great Depression, Variety ran the famous headline: “WALL STREET LAYS AN EGG.” It’s possible now to imagine the sequel: “DONALD TRUMP LAYS AN EGG.”